Ivorian Materials Defensive Blue Chips

Heineken Holding

Market Cap: €19.8b

Engages in brewing and selling beer and cider in the Netherlands and internationally.

Capitec Bank Holdings

Market Cap: R405.0b

Through its subsidiaries, provides various banking products and services in South Africa.

Will Semiconductor

Market Cap: CN¥157.6b

A semiconductor design company, provides sensor solutions, analog solutions and touch screen and display solutions.

Bank of Shanghai

Market Cap: CN¥157.0b

Provides various personal and corporate banking products and services primarily in Mainland China.

Straumann Holding

Market Cap: CHF 18.2b

Provides tooth replacement and orthodontic solutions worldwide.

CLP Holdings

Market Cap: HK$168.4b

An investment holding company, engages in the generation, retail, transmission, and distribution of electricity in Hong Kong, Mainland China, India, Thailand, Taiwan, and Australia.

GlobalFoundries

Market Cap: US$21.6b

A semiconductor foundry, provides range of mainstream wafer fabrication services and technologies worldwide.

QBE Insurance Group

Market Cap: AU$33.6b

Engages in underwriting general insurance and reinsurance risks in the Australia Pacific, North America, and internationally.

Coloplast

Market Cap: DKK 142.8b

Engages in the development and sale of intimate healthcare products and services in Denmark, the United States, the United Kingdom, France, and internationally.

EnBW Energie Baden-Württemberg

Market Cap: €18.9b

Operates as an integrated energy company in Germany, rest of Europe, and internationally.

BT Group

Market Cap: UK£15.8b

Provides communications products and services in the United Kingdom, Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Labcorp Holdings

Market Cap: US$21.0b

Provides laboratory services.

CMS Energy

Market Cap: US$21.0b

Operates as an energy company primarily in Michigan.

Standard Bank Group

Market Cap: R382.6b

Provides financial products and services in South Africa and internationally.

ASE Technology Holding

Market Cap: NT$630.2b

Provides semiconductors packaging and testing, and electronic manufacturing services in the United States, Taiwan, Asia, Europe, and internationally.

Bank Hapoalim B.M

Market Cap: ₪73.4b

Provides various banking and financial services in Israel and internationally.

First Solar

Market Cap: US$20.5b

A solar technology company, provides photovoltaic (PV) solar energy solutions in the United States, France, India, Chile, and internationally.

McCormick

Market Cap: US$20.5b

Manufactures, markets, and distributes spices, seasoning mixes, condiments, and other flavorful products to the food industry.

SBI Life Insurance

Market Cap: ₹1.7t

Operates as a private life insurance company in India.

OTP Bank Nyrt

Market Cap: Ft7.4t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

Aviva

Market Cap: UK£15.3b

Provides various insurance, retirement, and wealth products in the United Kingdom, Ireland, Canada, and internationally.

Varun Beverages

Market Cap: ₹1.7t

Manufactures, bottles, sells, and distributes beverages and value-added products under the PepsiCo brands.

BNP Paribas Fortis

Market Cap: €18.0b

Provides various financial services in Belgium, Turkey, Luxembourg, and internationally.

Public Bank Berhad

Market Cap: RM 86.9b

Provides banking products and services.

Asahi Group Holdings

Market Cap: JP¥3.0t

Manufactures and sells beer, alcohol and non-alcohol beverages, and food products in Japan, Europe, Oceania, and Southeast Asia.

Regions Financial

Market Cap: US$20.0b

A financial holding company, provides various banking and related products and services to individual and corporate customers.

Associated British Foods

Market Cap: UK£15.0b

Operates as a diversified food, ingredients, and retail company worldwide.

Tyson Foods

Market Cap: US$19.9b

Operates as a food company worldwide.

Telenor

Market Cap: NOK 204.7b

Operates as a telecommunication company worldwide.

Abu Dhabi Islamic Bank PJSC

Market Cap: د.إ72.6b

Provides banking, financing, and investing services in the United Arab Emirates, rest of the Middle East, and internationally.

Eastroc Beverage(Group)

Market Cap: CN¥142.0b

Engages in the research and development, production, and sales of beverages in China.

Dollar General

Market Cap: US$19.7b

A discount retailer, provides various merchandise products in the southern, southwestern, midwestern, and eastern United States.

Quest Diagnostics

Market Cap: US$19.6b

Provides diagnostic testing and services in the United States and internationally.

Zimmer Biomet Holdings

Market Cap: US$19.4b

Operates as a medical technology company worldwide.

Tenaga Nasional Berhad

Market Cap: RM 83.6b

Engages in the generation, transmission, distribution, and sale of electricity in Malaysia and internationally.

Saudi Awwal Bank

Market Cap: ر.س72.2b

Provides banking and financial services in the Kingdom of Saudi Arabia.